Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank's directors have been sued by a shareholder accusing them of awarding outsized pay to top executives.
The Group of 20 nations on Friday were poised to commit at least $400 billion to bulk up the International Monetary Fund's war chest to fight any widening of Europe's debt crisis.
Stocks rose on Friday, putting the S&P 500 on pace for its biggest weekly gain in the past five weeks, led by solid earnings from McDonald's, General Electric and Microsoft.
What a FAIL! Target committed a major Photoshop fail when it carelessly let slip a bad mistake in its ad. Here are photos of some of the worst Photoshopped errors and disasters in advertisements of all time.
General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives.
Chesapeake Energy Corp CEO Aubrey McClendon has been sued by a shareholder over potential conflicts of interest, after a Reuters report showed he had borrowed as much as $1.1 billion against his stake in thousands of company wells.
Stocks rose on Friday, putting the S&P 500 on pace for its biggest gain in the past five weeks, after earnings from a slew of bellwether companies propelled what has been a solid earnings season to date.
April 20, 2012, marks the 13th anniversary of the Columbine Massacre Shooting. Check out the story behind the massacre and five other infamous deadly school shootings
Three unions representing workers at AMR Corp's American Airlines would support a merger with US Airways Group Inc, calling it the best strategy and fastest option to complete a restructuring at bankrupt AMR.
Stocks rose on Friday, putting the S&P 500 on track to snap a 2-day drop, after better-than-expected results from Microsoft and General Electric Co propelled what has been a solid earnings season to date.
Three unions representing workers at AMR Corp's American Airlines would support a merger with US Airways Group Inc, calling it the best strategy and fastest option to complete a restructuring at bankrupt AMR.
Stocks were poised for a higher open, putting the S&P 500 on track to snap a 2-day drop, after better-than-expected results from Microsoft and General Electric Co propelled what has been a solid earnings season to date.
McDonald's Corp reported higher quarterly profit on Friday, paced by strong sales at established restaurants in the United States and Europe.
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
Stock index futures rose on Friday, indicating the S&P 500 may snap a 2-day decline, after quarterly results from Microsoft and General Electric Co propelled a solid earnings season.
Hungary is considering a new tax on phone calls and Internet usage which could yield up to 50 billion forints ($221.38 million) a year and would help plug budget holes, website Origo.hu reported on Friday, citing economy ministry sources.
General Electric Co reported first-quarter profit that topped analysts' expectations, helped by strong sales of jet engines and energy equipment, as well as profit growth at its finance arm.
Since Apple introduced the first iPhone in June 2007, one question has dominated the conversation: When's the next one coming out? While Apple keeps its lips sealed until the official unveiling, there are plenty of reasons why consumers shouldn't expect a new iPhone to debut in two to three months. The iPhone 5 is coming, but it's coming in October. Here are five reasons why:
China is poised to boost quotas on outbound investment schemes to $100 billion and cut barriers to moving foreign currency in and out of the country in a series of swift but small steps to crank open its tightly controlled capital account.
Major emerging powers stood ready on Friday to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.
German 10-year bond yields hit record lows on Friday and riskier assets came under pressure on growing fears about the euro zone debt crisis and uncertainty over global growth.
Nestle , the world's biggest food group, reported forecast-beating first-quarter organic sales growth of 7.2 percent on Friday as emerging market demand and price rises helped offset sluggish growth in the developed world.
Asian shares fell and commodity-linked currencies such as the Australian dollar slipped on Friday after disappointing U.S. economic data stirred doubts about the strength of the recovery.
Large U.S. manufacturers are much more likely than their smaller peers to move production to the United States from China, according to a survey.
Inside a dimly lit barn in northeast Indiana, where the air smells faintly of corn and earth, the future of China's food supply is squealing for attention.
Dupont and Dow Chemical are among chemical firms working with global automakers who are bracing for a crunch in production, after a German chemical plant explosion cut a chunk of supply of a nylon resin used in brake and fuel systems.
The International Monetary Fund's bid to win a big boost in funding to handle the euro-zone debt crisis hit a speed bump on Thursday when Brazil demanded more power at the IMF for emerging economies as a condition for lending it extra cash.
A federal judge has narrowed Lehman Brothers Holdings Inc's $8.6 billion lawsuit against JPMorgan Chase & Co , potentially reducing how much creditors of what was once the fourth-largest U.S. investment bank may ultimately recover.
The new Mercedes Concept Style Coupe is certainly gorgeous based on the pictures released in advance of its debut at the Beijing Auto Show 2012, and it seems it will bring a distinctly scifi verve to the company's usually somewhat stodgy design sensibility.
Stocks fell for a second day on Thursday as labor market data showed more signs of weakness, while a warning from Qualcomm and poor results from Stanley Black & Decker also discouraged investors.
